Retirement Income Taxation Exam Question 9 of 25 Select the best answer. Which o

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Retirement Income Taxation Exam Question 9 of 25 Select the best answer. Which of the following would most likely cause the person to be "disabled" under IRC Section 72(m)(7) and Regulation Section 1.72-17A? O A. Alung condition that causes severe fatigue and has lasted for two years, but is now expected O B. Cancer that is not operable and is spreading O C. Severe hearing loss that is correctable with hearing aids to be cured within six months o D. Two broken legs that are both expected to heal properly within a year Submit Answers

Explanation / Answer

Under the Internal Revenue Code (IRC) Section 72(m)(7) a person must be deemed as disabled if s/he is disabled to engage in productive work due to medical situations (physical or mental) which may either continue for an indefinite period or lead to death.

The ailment mentioned in option B is not operable and spreading. This shows that the ailment will continue for a lifelong period. Also, cancer if not cured, leads to death. This means the person can be treated as disabled under the IRC Section 72(m)(7).

Hence, option B is the correct answer.

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